The People's Bank of China (PBOC) announced a 0.25 percentage point reduction in interest rates for various structural monetary policy tools.
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TL;DR
The People's Bank of China lowered interest rates on structural monetary policy tools by 0.25 percentage points to boost economic support and facilitate structural transformation.
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People's Bank of Chinainterest rate cutmonetary policyeconomic supportstructural tools
According to Mars Finance, citing Jinshi Data, Zou Lan, spokesperson and vice governor of the People's Bank of China, stated at a press conference held by the State Council Information Office on January 15 that the interest rates for various structural monetary policy tools have been lowered by 0.25 percentage points, with the one-year interest rate for various relending maturities reduced to 1.25%, and other maturities adjusted accordingly. This aims to improve structural tools and increase support to further facilitate the transformation and optimization of the economic structure.